Singapore shares open lower on Wednesday after Wall Street's retreat

SINGAPORE shares opened lower on Wednesday following Wall Street's overnight session which closed lower.

The benchmark Straits Times Index was 1.85 points or 0.06 per cent lower at 2,856.95.

As at 9.07am, 80.5 million shares valued at S$66.6 million were traded, with gainers outnumbering losers 75 to 70.

Some of the most active counters included Ezra Holdings, Singtel and Wilmar International.

Overnight, Wall Street's three main indices retreated from the record intraday and closing highs of the previous day, after the head of the New York Federal Reserve said a rate rise from the central bank in September is on the table.